Pittsburgh, Pennsylvania – Tecum Capital Partners, L.P. (“Tecum”) has partnered with Management and JPB Capital Partners (“JPB”) to recapitalize Hometown Hospice and Homecare, Inc. (“Hometown” or the “Company”). Hometown is a hospice and health care service provider located in Brookfield, Wisconsin. The Company’s founders, Jeff Paul and Rich Firth, made the decision to bring on institutional capital partners in order to achieve their long-term vision for growth.
“We are very excited to partner with Rich Firth, Jeff Paul, and JPB Capital Partners,” noted Stephen Gurgovits, Jr., Managing Partner of Tecum. “Rich and Jeff have worked together for 10+ years as proven leaders in delivering the highest quality care in the hospice and homecare space. We are confident that the partnership with JPB will further strengthen its brand in the Milwaukee area and expand that brand throughout the upper Midwest by acquiring local firms and transitioning them to operate on the Hometown platform.”
Hometown Hospice & Homecare provides both hospice and homecare services in the greater Milwaukee, Wisconsin area. The Company is certified by both Medicare and Medicaid. Hometown provides routine hospice services in homes, assisted living facilities, and skilled nursing facilities. In addition to routine services, the Company offers a Life Enhancement Program that utilizes a holistic approach to patient care by incorporating lifelong interests into the hospice plan of care. From a home care perspective, Hometown provides skilled nursing, physical therapy, occupational therapy, speech therapy, and home health aides all tailored to meet the specifics of each patient’s plan of care as prescribed by their doctor. Hometown is headquartered in Brookfield, Wisconsin.
About Tecum Capital Partners
Tecum Capital Partners is a pooled fund of committed capital licensed by the Small Business Administration (“SBA”) as an SBIC. Originally called F.N.B. Capital Partners, Tecum is headquartered in Pittsburgh, Pennsylvania and invests $3 million to $15 million per transaction. Tecum specializes in providing mezzanine debt and private equity to small and medium size commercial enterprises for the purposes of recapitalizations, buyouts, generational transitions, mergers and acquisitions and other growth capital. For more information, please visit www.tecum.com.
About JPB Capital Partners
JPB Capital Partners is a leading equity investor in lower-middle market companies. Since its founding in 1995, JPB has deployed over $200 million across 36 platform companies in the food, beverage, restaurant, personal care, retail and consumer health sectors. Representative past and present partner companies include Calgon health and beauty, South Moon Under, Mulligan’s Beach House Bar and Grill, The Greene Turtle Sports Bar & Grille, St. Josephs’ Aspirin, Davis Calibration, Ticknors Men’s Clothiers, and ZIPS Drycleaners. JPB is currently investing out of its third committed fund.